The secondary timeshare market has increased in recent years with people wanting to get out of their timeshare contracts. It can be advantageous for a buyer to purchase a secondary timeshare, but you must beware of scams and fraud associated with the purchase. Buying on the secondary market is sometimes the same as buying on the resale market.
Research the timeshare before buying. Like most major purchases, you should do extensive research before buying, especially within the secondary timeshare market. It is important to find out if the agency or company being used is reputable or, if an individual is selling, why that person is doing so.
Find out if the timeshare offers the amenities and is at a location you want. With the many different kinds of timeshares offered and the many different locations, a timeshare can be purchased in the location and for the price the buyer is looking for.
Save money. Buying a secondary timeshare can save money on fees that the buyer usually gets stuck with when purchasing on the primary market like promotions and marketing fees.
Watch out for hidden fees and other hidden problems with the timeshare. Some secondary timeshare sales will sound good, but once the fees and other expenses are totaled, the resale opportunity was not what it originally seemed. Also, beware of the condition of a "used" timeshare. Make sure all pre-conditions are made known before buying.
Understand the buyer's rights. Find out what kind of rights the buyer has in terms of purchasing a secondary timeshare. This can vary depending on if the purchasing is going through an individual or an agency.
